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VOL. 130 | NO. 168 | Friday, August 28, 2015

Mallory Marks 90 Years With China Expansion

  12:00pm

Mallory Alexander International Logistics is preparing to expand and operate directly in China later this year with a highly coveted freight license from the Chinese government and the opening of the Mallory Asia Pacific division in Shanghai.

Town Center Proposals On The Ropes

Two of the three town centers envisioned by Memphis Mayor A C Wharton are going in different directions with a court ruling and an auction this week.

One Beale, Tennessee Brewery Plans Go to Design Board

Plans for two of Downtown Memphis’ most high-profile projects are set to go before a key development board next week.

Square Sale

Collierville’s retail push focused on ‘local’

Watty Brooks Hall said the event has become a highly anticipated competition, almost like Christmas morning is for children. During the semiannual Collierville Town-Wide Sidewalk Sale, one customer always shows up bright and early outside The Brooks Collection, Hall’s business on the town square.

UTHSC Pursuing Hotel-Conference Center in Medical District

The University of Tennessee Health Science Center is looking for a developer to build a hotel and conference center at the southwest corner of Madison Avenue and South Pauline Street.

Fred’s Reports Second-Quarter Loss

The toughest part of guiding a ship, Fred’s Inc. CEO Jerry Shore told analysts Thursday, Aug. 27, is changing its direction.

SPORTS

Grizzlies Caravan Rolling Along, Hoping To Pick Up Fans Beyond Memphis

Tony Allen will throw out the first pitch at AutoZone Park and mascot Grizz will toe the rubber before a Cardinals game at Busch Stadium in St. Louis.

Only ‘Fall Guy’ Needed Here Is Cris Carter

Remember the quaint old days of American sport, when the symbol a player had made it was the number of luxury cars in his garage or unnecessary bathrooms in his mansion?

LOCAL COLUMNISTS

Memphis Representative

4,880 MILES MORE SOUTHERN. There he was again. Nora and I were watching a show about historic homes in Memphis on WKNO and when they paused to pitch for support, he was one of the volunteers manning the phone bank behind those pitching.

The Art of Interoffice Communication

With so many generations working together today, communication has never been more confusing. Our communication vehicles include email, phone, social media, text – not to mention real life, face-to-face conversations and handwritten letters.

STATEWIDE

Grants to Help State Libraries Upgrade Computers, Software

NASHVILLE, Tenn. (AP) — The Tennessee State Library and Archives is providing more than $305,000 in grants to help libraries upgrade their computer equipment and software.

Independent Audit Will Review Staffing, Violence at Prisons

NASHVILLE, Tenn. (AP) — Correction Commissioner Derrick Schofield says he has asked for an independent audit of Tennessee's prisons after complaints from current and former employees that violence is on the rise.

NATIONAL BUSINESS

US Economy's Second Quarter Went From Solid to Stellar

WASHINGTON (AP) — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

REAL ESTATE

Average US Rate on 30-Year Mortgage Drops to 3.84 Percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by economic developments in China.

US Pending Home Sales Rose Modestly in July

WASHINGTON (AP) — Slightly more Americans signed contracts to buy homes in July, as pending sales edged up after dipping in June.

TECHNOLOGY

New Estimate: Apple Shipped 3.6 Million Watches Last Quarter

SAN FRANCISCO (AP) — A new report estimates Apple shipped 3.6 million watches in the last quarter — more than some analysts have estimated and enough to change the competitive landscape for fitness bands and other wearable gadgets.

Twitter Tries to Lure in Users As It Searches for CEO

NEW YORK (AP) — Twitter's most urgent task is naming a new CEO. But the most formidable one is convincing more people that its service is essential, easy to use and not just meant for celebrities, 16-year-olds and news junkies.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 354 12,626
MORTGAGES 113 438 16,470
FORECLOSURE NOTICES 4 81 3,273
BUILDING PERMITS 358 918 27,694
BANKRUPTCIES 55 276 10,490
BUSINESS LICENSES 18 120 4,204
UTILITY CONNECTIONS 78 429 16,350
MARRIAGE LICENSES 26 125 3,691

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